Tag Archives | Wasit

Serbia Eyes Investments in Wassit

By John Lee. The Serbian ambassador to Baghdad, Radisav Petrovich, has expressed his country's desire to invest in Iraq in general, and in Wassit province in particular. At a press conference in the city of Kut, the Ambassador Petrovich said a cooperation agreement will be signed shortly between the two countries. He added that an […]

Environment Ministry Approves 30 Projects

By John Lee. Iraq's Ministry of Environment has approved thirty projects in services, industrial and agricultural fields in Wasit province. Its official spokesperson and the director of environmental information, Amer Ali Hasson, said the projects included seven services projects and 13 industrial projects, in addition to ten agricultural projects. (Source: AIN) (Picture: Iraqi Environment Minister, […]

Iran Starts Electricity Exports to Iraq

Aswat al-Iraq has reported that a new Iranian electricity supply line has started operations, carrying 100 MW of electricity from Iran. The new line is aimed at meeting the 550 MW of power required by Wasit province. The province currently only receives less than 150 MW from Iraq’s national grid, and consequently suffers from regular […]

Australia to Invest $2.5 billion in Iraqi Agriculture

Australia will make an initial investment of $2.5 billion in Iraq's agriculture sector, according to a report from AKnews. Lyndall Sachs (pictured), Australia's Ambassador to Iraq, made the statement during a joint press conference with Wasit Governor, Mahdi al-Zubaidi. The government will start with soil reclamation projects in Wasit, Dhi Qar, and Diwaniya provinces, and […]

$30m Residential Project for Wassit

Wasit Investment Commission has approved the construction of 254 houses, at a cost of $30m, in Mowafaqiya district, 30km southwest of Kut. According to the report from AKnews, the 'Residential Rescue Ship' housing project, to be launched next week, will provide basic services, including a health center, fire station and shopping centers. A Turkish-Iraqi company […]

Polish Firm Wins $25m Redevelopment Contract in Kut

Local authorities in Wassit have commissioned a Polish company to implement a project to rehabilitate and develop residential areas in the city of Kut, according to Aswat al-Iraq. “The project, which will cost ID30.578 billion [$25.5 million] as part of the provincial development budget (PDB) for 2012, will include the rejuvenation of residential districts, extension […]

Belgian-British Firm to Build Govt Compound in Wasit

A Belgian-British company has reportedly won a contract from the Ministry of Construction and Housing to build a housing complex for its members in Wasit [Wassit] province. The company, which has not been named, has conducted field investigations for the project, which will include 240 housing units within a number of six-story residential buildings, according […]

Proposals to Develop Damlaj Lake

Wasit Provincial Council is currently puting a committee together to discuss plans to transform Damlaj Lake into centre for tourism, according to a report from AKnews. The panel will discuss how to increase the 435 sq km lake's capacity of water storage, and to attract and discuss investment opportunities with foreign and domestic companies. The proposed […]

New Iranian Development Contracts in Wassit

The deputy chairman of Wassit provincial council, Mehdi al-Mussawi, told Aswat al-Iraq that it has signed a memorandum of understanding (MOU) with an Iranian company to build a 500-megawatt power station on a deferred payment basis, in addition to a 400-bed hospital and 5000 flats housing complex. The MOU, which the approval of the electricity […]

Swiss Company to Sell Textile Line to Wassit

A company owned by the Iraqi Ministry of Industry and Minerals has announced that it will buy buy a textile production line from a Swiss company for 1.77 million Swiss francs [$2.24 million, 3 billion Iraqi dinars]. Alforat TV quotes a director of the company as saying that the company is waiting for Ministry approval […]